Fed holds rates at 3.75%-4.00% and acknowledges inflation "remains elevated"

FinanceInternationalEl País (Cali)Oct 28, 2026, 2:06 PM35 s readAI summary

The Federal Reserve kept its benchmark rate unchanged in the 3.75%-4.00% range in a 10-2 vote and acknowledged that inflation "remains elevated." The FOMC said gathering more information will help it determine the appropriate policy stance to bring inflation back to its 2% target. Lisa Cook and Beth Hammack voted for a quarter-point rate hike. The Fed upgraded its assessment of the economy from "solid" to "strong."

In 35 seconds

The Fed left its benchmark rate in the 3.75%-4.00% range, with 10 votes in favor and two against.
The statement acknowledges inflation "remains elevated" and the FOMC says it will ensure price stability.
Lisa Cook and Beth Hammack voted to raise rates by a quarter percentage point.

Read the full story at El País (Cali)

IASummary generated by artificial intelligence from a story by El País (Cali). It may contain errors: the original source prevails.

Reserva Federal
tasas de interés
inflación
FOMC
Estados Unidos

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Fed holds rates at 3.75%-4.00% and acknowledges inflation "remains elevated"

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day